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Feb 8, 2013
02/13
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on the same framework the u.s. market is about 18% below its long-term trend which is positive, and certainly where we're more bullish is international markets where in developed international that's 30% plus below the trend. >> which international markets, like japan or what? which markets? >> well, japan certainly is a fascinating case. you know, here's a market that last saw its highs in the early '90s. it's the cheapest -- on a price-to-book basis that's literally the cheapest developed market in the world but it's also been the ultimate value trap for the year. the difference potentially this year is the changes at the bank of japan and the changes politically that are happening that are causing potentially the independents and the bank of japan to be compromised which somewhat paradoxically could be the best thing for equity markets in japan so i think japan is very interesting here. i think broad developed international is interesting. japan and europe both on our models are inexpensive and both have cat lif
on the same framework the u.s. market is about 18% below its long-term trend which is positive, and certainly where we're more bullish is international markets where in developed international that's 30% plus below the trend. >> which international markets, like japan or what? which markets? >> well, japan certainly is a fascinating case. you know, here's a market that last saw its highs in the early '90s. it's the cheapest -- on a price-to-book basis that's literally the cheapest...
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Feb 14, 2013
02/13
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but then you've got to buy the u.s. equity market very aggressively. i like the technology sector the most. highly leveraged through the accelerating recovery. it's cheap, it's lagged the s&p by almost 70% by january 1. and i've got to say to my wife and three beautiful daughters, be my valentine. >> aww! come on. that's great. thank you so much for that, gary. >> lathe, how are you going to beat that? 30 seconds on the clock. what do you want to prepare for tomorrow? >> hi, maria. tomorrow we're watching the consumer sentiment number and expecting a slight increase. also watching the industrial production number, specifically capacity utilization, as consensus is expecting an increase to 78.9% and the bond market declining as the stock market has gone higher this year, which looks inflationary. but strangely some of the old standby inflationary hedges such as gold seem to be sitting out. keep an eye on them and whether their current support levels will continue to hold. >> all right. we'll watch those support levels. thank you so much, everybody. appr
but then you've got to buy the u.s. equity market very aggressively. i like the technology sector the most. highly leveraged through the accelerating recovery. it's cheap, it's lagged the s&p by almost 70% by january 1. and i've got to say to my wife and three beautiful daughters, be my valentine. >> aww! come on. that's great. thank you so much for that, gary. >> lathe, how are you going to beat that? 30 seconds on the clock. what do you want to prepare for tomorrow? >>...
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Feb 21, 2013
02/13
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the u.s. doing okay. again, hewlett-packard better than anticipated. >> all right, david, thank you. stay right there. we're going to bring in david garrity and roger kay of end point technologies associates. good to see everybody. thanks for joining us. want to point out aig numbers are also out, and i want to tell our viewers that there is stock to buy in aig after the close tonight. just spoke with the market-maker there, so we're watching that story as well as this story. hewlett-packard though is the focus right now. david garrity, what's your take on the quarter? >> the earnings multiple for the company, single digits, a five handle. i mean, here's a company. it's great and wonderful that they are doing better in terms of businesses that are losing share in the overall computing market, and it's thighs to see that they are getting some positive margin surprises, but the fact of the matter is hewlett-packard was initially thought to be an innovator and what we see out of corner, fine, we
the u.s. doing okay. again, hewlett-packard better than anticipated. >> all right, david, thank you. stay right there. we're going to bring in david garrity and roger kay of end point technologies associates. good to see everybody. thanks for joining us. want to point out aig numbers are also out, and i want to tell our viewers that there is stock to buy in aig after the close tonight. just spoke with the market-maker there, so we're watching that story as well as this story....
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Feb 6, 2013
02/13
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you're not where the u.s. economy is growing at 3% to 4%. >> let me interrupt you because we have the number on visas. 182 a share is where we're reporting. 182 a share compares to an estimate of 179. the earnings on the bottom line better than expected. here is revenue. 2.85 billion, also better than expected because it was 2.82 billion which was the estimate. vite visa is out and the stock trades up in the extended hour. 182 on 2.85 billion in revenue. >> very positive. >> let get reaction on the visa numbers. joining me to talk more about that in terms of reaction is gill laurier of webbush. thanks for seeing you. >> thanks for having me. >> what's your take on this, 182, 2.85 billion revenue? >> i'm most impressed by the upside to revenue. it means that the visa is still growing more on the 11%, 12% range as they did last year as opposed to slowing down to the 10%, 11% which we were previously expecting and i think master card is on the way to doing. that upside is impressive, and with their very high oper
you're not where the u.s. economy is growing at 3% to 4%. >> let me interrupt you because we have the number on visas. 182 a share is where we're reporting. 182 a share compares to an estimate of 179. the earnings on the bottom line better than expected. here is revenue. 2.85 billion, also better than expected because it was 2.82 billion which was the estimate. vite visa is out and the stock trades up in the extended hour. 182 on 2.85 billion in revenue. >> very positive. >>...
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Feb 12, 2013
02/13
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many think that's the way the u.s. stock market is going to end. many down here say the trigger, well, look at what coke said, caterpillar and ford. the cracks in their well anticipated and well received earnings were europe. maybe the key is europe. others think it's japan. like kyle bass, that's what traders down here are focusing on. >> what about that? david, do you see a downside risk to the fed, easy money here? i mean, do you think at some point this comes back to bite us? >> well, there's -- you know, and we haven't talked about this. hasn't been talked about the exit plan for the fed when they want to reverse policy. i think the risk this year is will qe be mitigated or send this year. that will certainly have an impact on bonds and i think that is a catalyst for rates moving tied and this great befolks and i think we'll see more evidence of that this year. i don't think rates are going up for a while but a good chance they back off on qe and we start to see that rotation. >> okay. you think then that qe starts ending sometime this year? >
many think that's the way the u.s. stock market is going to end. many down here say the trigger, well, look at what coke said, caterpillar and ford. the cracks in their well anticipated and well received earnings were europe. maybe the key is europe. others think it's japan. like kyle bass, that's what traders down here are focusing on. >> what about that? david, do you see a downside risk to the fed, easy money here? i mean, do you think at some point this comes back to bite us? >>...
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Feb 22, 2013
02/13
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do you think the u.s. media is not being strayed in explain why it means for the u.s. economy? >> it gets into an either/or. is the president going to side with the union in his stakeholder base that really need the jobs or with the environmentalists? first of all, this won't make any difference on the greenhouse gases. we're committed to lowering greenhouse gases but it's displacing venezuelan oil so if i can say it again to the american media through you, it's displacing venezuelan oil. canada or hugo chavis? i think it's a pretty simple answer. >> it's a great point to make. sur sure. >> mike: thank you very much. ambassador doer joining us live from caad. does this create the perfect buying opportunity. and later does it get any raise year than this? danica patrick is the first woman ever to take the policy at the daytona 500. the question everyone has now is will she win the race? plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like every
do you think the u.s. media is not being strayed in explain why it means for the u.s. economy? >> it gets into an either/or. is the president going to side with the union in his stakeholder base that really need the jobs or with the environmentalists? first of all, this won't make any difference on the greenhouse gases. we're committed to lowering greenhouse gases but it's displacing venezuelan oil so if i can say it again to the american media through you, it's displacing venezuelan oil....
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Feb 5, 2013
02/13
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i think bodes well for the u.s. and bodes well for many stocks in those industries. >> how, do you -- go ahead. >> a poultry specific issue for china. the car sales in china is supposed to be off the chart so i think it's getting better, a and the stock market is it telling us that. other companies are starting to bring their manufacturing to the united states because the natural gas price is so low over here. >> yeah. they are also going to mexico. ed, jump in here. how do you invest it? >> well, i'll tell youing everything that they are saying i agree w.china obviously got hurt a little bit. their growth slowed down but the rest of the world looks good, and my biggest fear is one of them is europe. kind of quiet and the printing of money has put a band-aid and i think we'll see something thee unsettling to our markets. additionally down the road be ready for problems in japan. currency being devalued and right now we're in a good position with stocks. to me the most risky investments out there today are the ones w
i think bodes well for the u.s. and bodes well for many stocks in those industries. >> how, do you -- go ahead. >> a poultry specific issue for china. the car sales in china is supposed to be off the chart so i think it's getting better, a and the stock market is it telling us that. other companies are starting to bring their manufacturing to the united states because the natural gas price is so low over here. >> yeah. they are also going to mexico. ed, jump in here. how do...
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Feb 7, 2013
02/13
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we really think that right now the u.s. is the only central bank towards hinting at ending their quantitative easing so we think if the euro dollar breaks 133 we could see finally a selloff that holds in the u.s. >> thank you so much. mike, you're up, your case on why you think china is worth watching. >> with china's economic growth seemingly back on track and because the markets are closed all of next week for the newyear's holiday, we'll watch again tonight when they release their cpi data. this month it's expected around 2%. if they come in above expectations again, we'll watch very closely to see what the people's bank of china has to say about things like lending curves. obviously this is something that has the ability to impact market movement in the morning. >> all right. we'll watch, that and warren, what's topping your watch list for tomorrow? >> well, i'm also watching china and the u.s. both are reporting trade numbers tomorrow, the two largest economies in the world. in china we're looking at their trade balanc
we really think that right now the u.s. is the only central bank towards hinting at ending their quantitative easing so we think if the euro dollar breaks 133 we could see finally a selloff that holds in the u.s. >> thank you so much. mike, you're up, your case on why you think china is worth watching. >> with china's economic growth seemingly back on track and because the markets are closed all of next week for the newyear's holiday, we'll watch again tonight when they release...
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Feb 13, 2013
02/13
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one of his big why is, go long u.s. steel and shored u.s. credit in a ratio of 1-6. he also had the possibility of going short iron ore and an australian name called bortescu. we spoke to or we heard from mick ma require from marcotto who mentioned he likes a company called prose which builds hotels on oil rigs and to go long nordion, a health care trade very thinly traded but the trader thinks he sees 50% upside so potential there as well. >> we'll be watching and "fast money" will be monitoring that speech by bill ackman and the conference so we'll hopefully see more of it and you. thanks so much, kate kelly. president obama triggering a hot button issue at last night's state of the union. >> let's raise the federal minimum wage to $9 an hour. >> i'll speak with a small business owner who is actually a huge fan of the president's plan. i'll explain why coming up. and then -- ♪ they could be the odd est of odd couples. facebook founder mark zuckerberg hosts a fund-raiser for new jersey governor chris christie tonight. we'll take you live to palo alto for the lates
one of his big why is, go long u.s. steel and shored u.s. credit in a ratio of 1-6. he also had the possibility of going short iron ore and an australian name called bortescu. we spoke to or we heard from mick ma require from marcotto who mentioned he likes a company called prose which builds hotels on oil rigs and to go long nordion, a health care trade very thinly traded but the trader thinks he sees 50% upside so potential there as well. >> we'll be watching and "fast money"...
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Feb 4, 2013
02/13
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they grew 3% in the u.s. and 3% in the rest of the world. analysts were looking for 4%, the rest of the world. but here's the outlook. because of what's happening in china, they are saying they were estimating a mid-single digit eps decline in 2013, versus a year ago. excluding special items. earlier, they guided to 10% eps growth. now they are saying because of the situation in china, mid-single digit eps decline. this includes an expectation for a significant decline in eps performance in the first half of the year. maria? >> all right, jane, thank you so much. we'll watch the stock. it is down better than 4% right now. 30 seconds on the clock and our next guests are going to tell us what to be prepared for tomorrow. joining me right now, rick fea , and bob phillips. gentlemen, good to have you on the program. rick, kick it off with you. 30 seconds on the clock. what are you watching for tomorrow? >> sure, we'll be watching the ten-year treasury, really. we see a yield under 1.95%, as possibly bringing more of an equity selloff into the ma
they grew 3% in the u.s. and 3% in the rest of the world. analysts were looking for 4%, the rest of the world. but here's the outlook. because of what's happening in china, they are saying they were estimating a mid-single digit eps decline in 2013, versus a year ago. excluding special items. earlier, they guided to 10% eps growth. now they are saying because of the situation in china, mid-single digit eps decline. this includes an expectation for a significant decline in eps performance in the...
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Feb 20, 2013
02/13
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that's right, good, for the u.s. economy. >> but dan greenhouse, also our good friend but not colleague, chief global strategist at btig and also a cnbc contributor says no way, not in the short term at least. we've got both of them with us. larry, you're sitting next to me so you get the pleasure of going first. you think it's going to be good. why? >> any time you can limit government and reduce spending it's a positive for the private sector and it's a positive for growth. we did it under clinton. we did it under reagan. we did after world war ii. in fact from a new book we did it under calvin coolidge so smaller government means less burden and better private sector but let me just break these numbers. >> hold up for just a second. you know how this works in television. let's get to phil lebeau with the tesla newspaper and come back to the conversation on sequestration. >> a wider than expected loss from tesla in the fourth quarter, loss of 65 cents a share versus the estimates on the street of 55 cents a share.
that's right, good, for the u.s. economy. >> but dan greenhouse, also our good friend but not colleague, chief global strategist at btig and also a cnbc contributor says no way, not in the short term at least. we've got both of them with us. larry, you're sitting next to me so you get the pleasure of going first. you think it's going to be good. why? >> any time you can limit government and reduce spending it's a positive for the private sector and it's a positive for growth. we did...
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Feb 27, 2013
02/13
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that there simply are no good alternatives around the world to u.s. multinationals that pay dividends, have returns and are growing globally. stocks simply put are the best game in
that there simply are no good alternatives around the world to u.s. multinationals that pay dividends, have returns and are growing globally. stocks simply put are the best game in
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Feb 1, 2013
02/13
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look at all of the u.s. data this week, durable goods, pending home sales, case schiller, core logic, ism, across the bond, even the gdp and non-farm payroll numbers today, a lot of interesting data points under the surface that are actually showing things are getting better. maria, you said before to herb, don't fight the fed. it's working, clearly. now you also have china doing a little bit better, 50 on the pmi overnight. europe had the best pmi in nine month. not everything is per forgets and i certainly think we'll see a volatility, but everybody is talking about a correction, and i think at the end of the day the facts are things are getting better. oh, by the way, earnings are running at about 5%. that's different from the third quarter when we saw negative 5%. i would say earnings are not decelerating, actually in the bottoming process and headed higher. >> what about that, scott? you said it is decelerating. >> earnings are only going to be up about 5% this yore. we're at that point of the psych. i
look at all of the u.s. data this week, durable goods, pending home sales, case schiller, core logic, ism, across the bond, even the gdp and non-farm payroll numbers today, a lot of interesting data points under the surface that are actually showing things are getting better. maria, you said before to herb, don't fight the fed. it's working, clearly. now you also have china doing a little bit better, 50 on the pmi overnight. europe had the best pmi in nine month. not everything is per forgets...
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Feb 25, 2013
02/13
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in the u.s. concern about the spending cuts due on march 1st. add it up, lots of worry. the vix also called the fear gauge surging some 34% in today's session. >> thank you. >>> meanwhile, another concern for the economy and the stock market is computer hacking. our entire financial system love lives in a digital world. let's go live to the rsa security conference in san francisco where eamon javers is standing by. rsa is one of the top cyber security firms in the world, right? >> that's right, sue. they've got hundreds of experts here. this place is crawling with cyber security experts. what's stunning to me is the gap between what you hear from cyber security experts and the folks in washington and what you hear from the companies themselves. we spent time looking through filings to find out how often companies are disclosing cyber attacks that they really experienced. we could only find a couple of handfuls of examples of companies revealing that. you've got cyber security experts saying this is a huge problem. and on the other hand companies not saying that much abou
in the u.s. concern about the spending cuts due on march 1st. add it up, lots of worry. the vix also called the fear gauge surging some 34% in today's session. >> thank you. >>> meanwhile, another concern for the economy and the stock market is computer hacking. our entire financial system love lives in a digital world. let's go live to the rsa security conference in san francisco where eamon javers is standing by. rsa is one of the top cyber security firms in the world, right?...
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Feb 26, 2013
02/13
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. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are chasing yields so it's having -- still a dividend over the woman of years. i wand to talk about acquisitions. >> this value game is focused on taking the money back. how about expanding the money share. how about sitting with china mobile. can't make a deal because they are worried about subsidies. they are getting hurt over there becauses prooit prices are too high. how about an iphone mini or iphone 5s. samsung has a new device coming out and will kill them off europe in europe. >> mostly invested in apple because for ten years i've owned all their products and it worries me when the value guys are circling. will the c
. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are...
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Feb 15, 2013
02/13
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the export numbers last night were not that good, but, again, seeing good flows into u.s. equities continually. the g-20 this weekend, a lot of saber-rattling, and saw a lot of money moving out of gold. we saw soros cutting their holdings and moving into their stocks. we haven't seen the big rotation out of bond market and into stocks, but we have seen a lot of money moving out of the commodity market and moving that money into stocks. >> yeah. we're still trying to figure out if that's a trend. rick santelli, you say you're not seeing it in terms of fixed income money? >> no, i mean, none of the -- >> we're not seeing that either. >> there's actually a removal out of something, there may be just less of a volume of money going in, but, you know, i like to look at the equity markets the way i look at spreads on the trading floor. we are at a premium spread to most of the other world equities. what did i notice today? the knee say is slipping into negative territory on the year and the daxx is to within 1% of slipping too negative territory. no matter how much better we are
the export numbers last night were not that good, but, again, seeing good flows into u.s. equities continually. the g-20 this weekend, a lot of saber-rattling, and saw a lot of money moving out of gold. we saw soros cutting their holdings and moving into their stocks. we haven't seen the big rotation out of bond market and into stocks, but we have seen a lot of money moving out of the commodity market and moving that money into stocks. >> yeah. we're still trying to figure out if that's a...